New Issue: JPMorgan sells $10 million digital contingent buffered notes on S&P, Russell

By William Gullotti

Buffalo, N.Y., Jan. 27 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% digital contingent buffered notes due Feb. 9, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

If each index’s final level is greater than or equal to 70% of its initial level, payout at maturity will be par plus 9%. Otherwise, investors will be exposed to the worst performer’s decline from its initial level.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Digital contingent buffered notes
Underlying indexes:	S&P 500 index, Russell 2000 index
Amount:	$10 million
Maturity:	Feb. 9, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 9% unless any index falls by more than 30%, in which case full exposure to decline of worst performer from initial level
Initial levels:	4,304.15 for S&P, 1,977.14 for Russell
Barrier levels:	70% of initial level
Final levels:	Average of index closing levels for five trading days ending Feb. 6, 2023
Strike date:	Jan. 24
Pricing date:	Jan. 25
Settlement date:	Jan. 28
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48133CYR7

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